**SCHEDULE 3**  

**Definitions**

“**Acceptance Certificate**” means, for any Aircraft, a certificate of technical acceptance in respect
of such Aircraft substantially in the form of Schedule 7;

“**Air Authority**” means, for any Aircraft, the civil aviation authority of the State of Registration;

“**Aircraft**” means any each or all, as the context may require, of the aircraft described in Schedule
1 and listed as Aircraft No. 1, Aircraft No. 2, Aircraft
No. 3, Aircraft No. 4 and Aircraft No.5
(which term includes, where the context admits, a separate reference to all relevant Engines, Parts
and Aircraft Documents);

“**Aircraft Documents**” means, for any Aircraft, the documents, data and records identified or
referred to in or attached to the original acceptance certificate signed by the relevant Lessee and
all additions, renewals and replacements made from time to time thereto prior to Delivery in
respect of the relevant Aircraft, to the extent that Seller of such Aircraft has acquired title
thereto as at the Effective Time;

“**Aircraft Specific Lease Agreement**” or “**Aircraft Lease Agreement**” means, for any Aircraft, the
Aircraft Specific Lease Agreement or Aircraft Lease Agreement, as the case may be, as specified in
relation to such Aircraft in Schedule 2;

“**Assignment of Warranties**” means, for any Aircraft, an assignment of warranties in respect of such
Aircraft to be agreed between the relevant Seller and the relevant Purchaser prior to Delivery in
respect of such Aircraft;

“**Base Purchase Price**”, for any Aircraft, is defined in Clause 5.1;